Oil and gas companies in the United States are producing more fuel than ever before but employing 25 percent fewer workers than a decade ago, leading to concerns about job losses as producers tighten their belts amidst a potential oversupply. The industry’s shift towards cleaner energy sources and increased productivity through technology and automation has led to job cuts and reduced wages, with many workers seeking alternative employment opportunities. Major companies like Exxon and Chevron are outsourcing roles to countries with lower labor costs, further impacting American workers in the oil and gas sector.
Full Article
Airbnb sales forecast just misses expectations, but shares rally
Airbnb Inc. forecasted first-quarter sales slightly below Wall Street's expectations, but expressed confidence in building on progress made in the previous year. The vacation-rental platform anticipates continued growth as travel demand remains solid. Despite falling short in sales projections, Airbnb remains optimistic about its future prospects in the travel industry. Full Article
Read more